Weekly Briefing, Vol. 25, No. 2 (ME), January 2020
Moderate growth is expected in 2020
The economic policy of Montenegro in the coming period will be oriented towards the development of priority industries, i.e. tourism, energy, agriculture and manufacturing. In 2020, positive GDP growth is expected, but real economy growth rates will be lower than those have been achieved in recent years. First of all, the expected growth in private investments, export of services and consumption will contribute to economic growth this year. There are different forecasts of real economic growth, ranging from 2.5% (International Monetary Fund (IMF) ) to 3.4% (Programme of Economic Reforms of Montenegro 2020-2022 (PER 2020-2022)). According to World Bank projections, GDP growth rate in 2020 will be 2.8%.